Quote from: Tonko on July 06, 2013, 05:17:29 AM

Quote from: m3ta on July 06, 2013, 04:47:01 AM

John Doe and his GPUs can not make a profit anymore. Only John Trump and his larger investment can.
Bitcoins were only valid when anyone could make a profit, albeit small, and drive its economy.
Right not, it's elitist. As in, bad.
John Doe has left the building.

Fed is printing trillions of fiat and is eminently elitist, yet even the poorest of the poor don't refuse using that fiat on account of their righteous disgust for elites.
Why? Because they need it. As it stands, people don't really need BTC. Reddit subscription and such won't cut it.

Using Bitcoin clients is clumsy and slow, ripe with errors and complications of maintaining/securing the wallet. Not for a computer geek, but for the average person definitely. There are hackers preying on you everywhere, as if walking through the street in ghetto and waving a few $100 bills.

The poor can't buy bread with BTC. Tell a person they're virtually unable to eat without a specific currency and certainly they will take it regardless of moral and reliability calms.